Linde Plc.’s recent filing unveils that its Exec VP & Chief Legal Officer Bichara Guillermo unloaded Company’s shares for reported $2.84 million on Mar 12 ’24. In the deal valued at $471.01 per share,6,034 shares were sold. As a result of this transaction, Bichara Guillermo now holds 27,161 shares worth roughly $12.14 million.
Then, Durbin Sean sold 5,277 shares, generating $2,466,417 in total proceeds. Upon selling the shares at $467.39, the Executive VP, North America now owns 8,151 shares.
Before that, Strauss David P sold 2,523 shares. Linde Plc. shares valued at $1,174,836 were divested by the Executive VP, Chief HR Officer at a price of $465.65 per share. As a result of the transaction, Strauss David P now holds 23,939 shares, worth roughly $10.7 million.
Mizuho upgraded its Linde Plc. [LIN] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in early April from “a Buy” to “a Neutral”. UBS also remained covering LIN and has decreased its forecast on March 27, 2024 with a “Neutral” recommendation from previously “Buy” rating. Wolfe Research started covering the stock on March 01, 2024. It rated LIN as “a Peer perform”.
Price Performance Review of LIN
On Monday, Linde Plc. [NASDAQ:LIN] saw its stock jump 0.15% to $446.97. Over the last five days, the stock has gained 0.50%. Linde Plc. shares have risen nearly 8.83% since the year began. Nevertheless, the stocks have risen 21.67% over the past one year. While a 52-week high of $477.71 was reached on 03/13/24, a 52-week low of $350.60 was recorded on 02/05/24. SMA at 50 days reached $453.30, while 200 days put it at $406.90. A total of 1.35 million shares were traded, compared to the trading of 1.83 million shares in the previous session.
Levels Of Support And Resistance For LIN Stock
The 24-hour chart illustrates a support level at 442.81, which if violated will result in even more drops to 438.64. On the upside, there is a resistance level at 450.06. A further resistance level may holdings at 453.14. The Relative Strength Index (RSI) on the 14-day chart is 39.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.21%. Stochastics %K at 16.63% indicates the stock is a buying.
The most recent change occurred on February 16, 2024 when TD Cowen resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $455.
